1518 E Luray Street, Long Beach, California 90807, Long Beach, 90807 - 2 bed, 1 bath
ACTIVE$705,000$812/sqft
Est. Value: $560,583
-20%
AboveEstimate
1518 E Luray Street, Long Beach, California 90807
2Beds
1Bath
812Sqft
6,003Lot
Price Vs. Estimate
The estimated value ($560,583.385) is $144,416.615 (20%) lower than the list price ($705,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Community: The property is situated in a beautiful, established, and quiet neighborhood with a strong sense of community, evidenced by welcoming neighbors and annual traditions.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-07-24. The sold price is $720,000.00.
Compared to the nearby listings
Price:$705.0K vs avg $1.05M ($-343,000)5%
Size:812 sqft vs avg 1,790 sqft4%
Price/sqft:$868 vs avg $65088%
More Insights
Built in 1942 (84 years old).
Condition: Built in 1942, this property is 82 years old and is being sold 'AS-IS,' strongly indicating a need for substantial repairs and rehabilitation. The absence of photos for the kitchen and bathroom, coupled with visible worn hardwood floors and a dated exterior, suggests these critical areas are likely in poor, outdated condition. While described as a 'charming home' with 'potential for investors,' this typically implies a fixer-upper requiring significant investment to bring it to modern standards.
Year Built
1942
Close
-
List price
$705K
Original List price
$705K
Price/Sqft
$868
HOA
-
Days on market
-
Sold On
-
MLS number
PW25052499
Home ConditionPoor
Features
View-
About this home
A nice cozy charming home situated on a corner lot in a beautiful established quiet neighborhood. Lot features an abundance of trees and exotic plants. Warm welcoming neighbors that have volunteers each year putting up light candles in front of each house on the block. Great as a starter home or with lots of potentials for investors. This property to be sold AS-IS.
V
Vittorio Phung
Listing Agent
Price History
Date
Event
Price
07/24/25
Sold
$720,000
04/01/08
Sold
$290,000
Condition Rating
Poor
Built in 1942, this property is 82 years old and is being sold 'AS-IS,' strongly indicating a need for substantial repairs and rehabilitation. The absence of photos for the kitchen and bathroom, coupled with visible worn hardwood floors and a dated exterior, suggests these critical areas are likely in poor, outdated condition. While described as a 'charming home' with 'potential for investors,' this typically implies a fixer-upper requiring significant investment to bring it to modern standards.
Pros & Cons
Pros
Prime Location & Community: The property is situated in a beautiful, established, and quiet neighborhood with a strong sense of community, evidenced by welcoming neighbors and annual traditions.
Corner Lot Position: Being on a corner lot typically offers more privacy, natural light, and potentially more flexible outdoor space compared to interior lots.
Generous Lot Size: A 6,003 sqft lot for an 812 sqft home provides ample outdoor space for gardening, entertaining, or potential future expansion.
Versatile Buyer Appeal: Described as 'Great as a starter home or with lots of potentials for investors,' indicating broad market interest.
Charming & Cozy Ambiance: The description highlights a 'nice cozy charming home,' appealing to buyers looking for character and a comfortable living environment.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-07-24. The sold price is $720,000.00.
As-Is Sale Condition: The property is explicitly sold 'AS-IS,' which implies the seller will not undertake repairs and may necessitate significant immediate or future investment from the buyer.
Small Living Space: With only 812 sqft, the living space is relatively small for a single-family home, potentially limiting its appeal to buyers needing more room or those with growing families.
Significant Overpricing: The listing price of $705,000 is substantially higher (20% above) the estimated property value of $560,583.385, which could make it difficult to attract offers at the current price.